(Reuters) - "There's been a re-pricing in the market and it's not done
yet. This process is going to take awhile," said Scott
MacDonald, director of research at Aladdin Capital in Stamford,
Connecticut.
The market had initially rallied, carrying over its
strength from Monday when mortgage lender Residential Capital
LLC reported a net loss of $254 million for the second quarter,
down from a net loss of $910 million in the first quarter.
Read more at Reuters.com Bonds News
yet. This process is going to take awhile," said Scott
MacDonald, director of research at Aladdin Capital in Stamford,
Connecticut.
The market had initially rallied, carrying over its
strength from Monday when mortgage lender Residential Capital
LLC reported a net loss of $254 million for the second quarter,
down from a net loss of $910 million in the first quarter.
Read more at Reuters.com Bonds News
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